Market Overview for Neiro Ethereum/Tether (NEIROUSDT) – 24-Hour Summary

• NEIROUSDT formed a bullish reversal pattern after hitting a 24-hour low near $0.000350.
• Price surged past key resistance levels, reaching a high of $0.00037875 with increased volume.
• RSI shows overbought territory near 70, suggesting potential near-term consolidation.
• Volatility expanded significantly during the afternoon, with Bollinger Bands widening.
• Turnover spiked over $100M during the 19:45–20:00 ET session, confirming breakout strength.

Neiro Ethereum/Tether (NEIROUSDT) opened at $0.00035447 on 2025-09-17 at 12:00 ET, surged to a high of $0.00038056, dipped to a low of $0.00035000, and closed at $0.00037087 on 2025-09-18 at 12:00 ET. Total volume reached 15,273,467,243 units, with notional turnover exceeding $53.5 million, signaling strong interest.

The 24-hour candlestick chart displayed a textbook bullish breakout pattern. Price found a key support level around $0.000350 and rebounded sharply, forming a series of higher highs and higher lows. A notable morning breakout occurred between 18:00 and 19:45 ET, where NEIROUSDT rallied from $0.00035088 to $0.00038056 on heavy volume. A bearish reversal pattern emerged briefly in the early morning hours, but it was quickly invalidated by a strong follow-through move.

Key support levels were identified at $0.00035000, $0.00035250, and $0.00035600, while resistance was seen at $0.00037200 and $0.00037750. The 20-period and 50-period moving averages on the 15-minute chart crossed in favor of the bulls, with the 50-period line rising above the 20-period, confirming a short-term uptrend. Bollinger Bands showed a significant expansion, indicating heightened volatility and a likely continuation of price action.

The RSI indicator entered overbought territory above 70 for much of the day, suggesting a potential pullback. However, volume remained strong during the rally, negating immediate bearish concerns. MACD showed a positive divergence, with the histogram widening and the line crossing above the signal line, reinforcing bullish momentum.

On the daily time frame, NEIROUSDT is trading above its 50-period and 200-period moving averages, indicating a longer-term positive bias. Fibonacci retracement levels from the recent swing low to high show the current price near the 38.2% level at $0.00037200. A break above the 61.8% level at $0.00037600 could open the door for a retest of the 24-hour high.

Backtest Hypothesis
Given the strong breakout and confirmation by both volume and technical indicators, a potential backtesting strategy would involve a long entry at the close of the 15-minute bullish breakout candle (19:45–20:00 ET) with a stop-loss placed just below the 24-hour low at $0.00035000. A target would be set at the 61.8% Fibonacci level ($0.00037600) or the next major resistance at $0.00038056. This strategy aligns with the observed overbought RSI and divergences in MACD, suggesting a continuation of the upward trend, but with a cautionary eye on potential overbought conditions triggering a near-term correction.